Halliburton has struck a deal to buy Multi-Chem Group

September 07/2011

(Arabian oil and gas) --
Halliburton has struck a deal to buy Multi-Chem Group, North America's
fourth-largest production chemicals company, in a deal set to plug a gap in its
oil and gas extraction services offering. Halliburton Chief Executive David
Lesar says there is more demand for oilfield services companies to provide a
broader range of services in-house, something the acquisition of Multi-Chem -
for an undisclosed sum - will help achieve.

Multi-Chem has 900 customers worldwide and about 750 employees, and there
are no plans for redundancies in the combination, according to a company
statement from Multi-Chem, which is the fourth-largest production chemicals
company.